This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the total public sector for local governments. The Australian Capital Territory has no separate local government.

Operating Statement

Table 27.13 summarises the net operating results for the total public sector for local governments for 2002-03.

27.13 LOCAL GOVERNMENTS, Total public sector: Operating Statement - 2002-03

NSW

Vic.

Qld

SA

WA

Tas.

NT

ACT(a)

Total(b)

$m

$m

$m

$m

$m

$m

$m

$m

$m

GFS Revenue

Taxation revenue

2,346

1,826

1,423

629

752

175

48

. .

7,201

Current grants and subsidies

765

516

465

152

187

72

50

. .

2,202

Sales of goods and services

2,223

790

2,316

201

351

208

59

. .

6,152

Interest income

210

47

91

14

38

12

4

. .

415

Other

1,042

798

856

73

320

40

18

. .

3,153

Total

6,586

3,977

5,151

1,069

1,648

506

179

. .

19,124

less

GFS Expenses

Gross operating expenses

Depreciation

1,125

691

1,094

257

404

134

54

. .

3,762

Employee expenses

2,142

1,410

1,497

336

566

152

67

. .

6,176

Other operating expenses

2,205

1,800

1,612

444

599

198

144

. .

7,009

Total

5,472

3,901

4,203

1,037

1,568

484

265

. .

16,947

Property expenses

Other interest expenses

92

39

216

26

14

14

1

. .

402

Income tax equivalent expenses

-

-

13

-

-

2

-

. .

14

Current transfers

Grant expenses

3

30

26

8

7

2

-

. .

77

Tax expenses

11

-

9

-

-

-

-

. .

19

Other current transfers

61

-

1

-

9

-

. .

72

Capital transfers

Grant expenses

-

-

11

-

2

-

2

. .

14

Other capital transfers

8

-

7

1

1

1

-

. .

18

Total

5,647

3,970

4,485

1,074

1,593

512

267

. .

17,565

equals

GFS Net Operating Balance

939

7

666

-5

55

-6

-97

. .

1,559

less

Net acquisition of non-financial assets

Gross fixed capital formation

1,384

1,006

1,300

317

473

146

43

. .

4,669

less Depreciation

1,125

691

1,094

257

404

134

57

. .

3,762

plus Change in inventories

-8

-3

1

-1

2

1

-

. .

-8

plus Other transactions in non-financial assets

156

-38

4

7

-9

-

-

. .

120

Total

407

274

211

67

62

12

-14

. .

1,020

equals

GFS Net Lending(+)/Borrowing(-)

531

-267

456

-72

-7

-18

-83

. .

540

(a) The ACT has no separate local government.(b) The sums of local governments at the state level may not equal the total local figure, due to transfers between jurisdictions.

Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

Cash Flow Statement

Table 27.14 summarises the cash results for the total public sector for local governments for 2002-03.

(a) The ACT has no separate local government.(b) The sums of local governments at the state level may not equal the total local figure, due to transfers between jurisdictions.Note: Negative figures denote outflows.

Source: Government Finance Statistics, Australia, 2002-03 (5512.0).

Balance Sheet

Table 27.15 summarises the Balance Sheet results at 30 June 2003 for the total public sector for local governments.

27.15 LOCAL GOVERNMENTS, Total public sector: Balance Sheet - 30 June 2003

NSW

Vic.

Qld

SA

WA

Tas.

NT

ACT(a)

Total(b)

$m

$m

$m

$m

$m

$m

$m

$m

$m

Assets

Financial assets

Cash and deposits

279

586

1,631

17

228

86

55

. .

2,882

Advances paid

2

2

-

-

1

6

-

. .

11

Investments, loans and placements

3,874

579

240

25

449

87

46

. .

5,300

Other non-equity assets

546

451

416

86

161

43

13

. .

1,716

Equity

-

-

-1

12

-

-

-

. .

11

Total

4,701

1,618

2,287

140

838

222

114

. .

9,920

Non-financial assets

Land and fixed assets

65,085

33,546

36,309

8,724

8,326

4,379

916

. .

157,285

Other non-financial assets

913

442

-

2

16

13

5

. .

1,391

Total

65,998

33,988

36,309

8,726

8,342

4,391

921

. .

158,676

Total

70,699

35,606

38,596

8,866

9,181

4,614

1,035

. .

168,596

Liabilities

Deposits held

110

67

2

59

7

3

-

. .

249

Advances received

11

9

-

22

2

-

-

. .

45

Borrowing

1,370

614

2,884

138

228

199

6

. .

5,439

Unfunded superannuation liability and other employee entitlements

664

352

411

80

91

45

9

. .

1,652

Other provisions

188

29

19

11

3

5

-

. .

254

Other non-equity liabilities

584

410

385

111

192

46

28

. .

1,756

Total

2,925

1,480

3,703

421

524

298

43

. .

9,395

Shares and other contributed capital

-

-

39

-

-

-

-

. .

38

GFS Net Worth

67,773

34,126

34,854

8,444

8,657

4,316

992

. .

159,162

Net debt(c)

-2,665

-476

1,015

178

-439

24

-95

. .

-2,459

Net financial worth(d)

1,776

137

-1,455

-282

314

-76

71

. .

486

(a) The ACT has no separate local government.(b) The sums of local governments at the state level may not equal the total local figure, due to assets and liabilities held between jurisdictions.(c) Equals deposits held, advances received and borrowing less cash and deposits, advances paid, and investments, loans and placements.(d) Equals total financial assets less total liabilities less shares and other contributed capital.

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.